The machine bought at a price of Php 480,000 has an economic life of 5 years and a salvage value of Php 50, 000. The cost of money is 12% per year. Compute the annual rate of depreciation using Declining Balance Method in %. A. 39.36% B. 36.39% C. 36.93% D. 39.63%

The machine bought at a price of Php 480,000 has an economic life of 5 years and a salvage value of Php 50, 000. The cost of money is 12% per year. Compute the annual rate of depreciation using Declining Balance Method in %. A. 39.36% B. 36.39% C. 36.93% D. 39.63%

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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